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  1. News - Hong Kong

    Minimum Wage Commission close to agreeing HK$30 an hour

    Posted Sep 25th 2012, 12:00am

    ... Phila Siu phila.siu@scmp.com Commission edges towards HK$30 an hour after members debate heatedly Panel close to deal on revised wage floor The commission set up by the government to review the statutory minimum wage edged closer to supporting a new level of about HK$30 an hour, although no consensus had been reached by midnight. The 13-member Minimum Wage Commission met ...

  2. Central bank fears on mortgage debt

    Posted Jun 02nd 2006, 12:00am by Cary Huang

    ... to the central bank, as Beijing steps up measures to rein in skyrocketing property prices. Two years ago, the China Banking Regulatory Commission said families were in trouble if mortgage payments ... cent of their income at the end of October, topping the nation. It was followed by Beijing at 42 per cent, the central bank said. Yi Xianrong, a property finance expert at the Chinese Academy ...

  3. Central bank lifts reserve ratio to 10.5pc

    Posted Apr 06th 2007, 12:00am by Cary Huang

    ... Cary Huang and Jane Cai in Beijing PBOC moves to tighten money supply China's central bank will require banks to increase their reserves, a move aimed at tightening money supply amid ... and central bank officials about the need to further tighten the screws after recent economic data suggested growth was speeding up. The PBOC said it would work to control liquidity in the banking ...

  4. Central bank will cool economy, say reports

    Posted Apr 23rd 2007, 12:00am by Cary Huang

    ... accelerated to reach 3.3 per cent in March, sharply up from last year's 1.5 per cent and a level above the central bank's comfort zone of 3 per cent. All other major indicators- including ... were an attempt to mop up liquidity in the banking system, which is blamed for overheating the economy. The Herald said the China Banking Regulatory Commission, the banking regulator, held ...

  5. Central bank battles move against curbs on spending

    Posted Jan 27th 2004, 12:00am by Staff Reporter

    ... fiscal policy, worried over a combination of inflation and potential damage from bad investments in areas such as property and heavy industry. But the central bank appears to have lost the debate ... data before drawing final conclusions, 'indicators suggest that the PBOC/China Banking Regulatory Commission was losing out to the pro-growth crowd led by provincial/local officials ...

  6. Comment - Insight & Opinion

    The limits of central banking

    Posted Aug 18th 2012, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says an overreaching monetary policy only delays the inevitable and dents banks' credibility While politicians fiddle, central bankers seem only to be adding fizz to bubbles Central banking used to be an august profession- highly respected, almost revered, mainly because central bankers looked after everybody's money. But now that Wall Street ...

  7. Poverty commission urges help for jobless

    Posted Jun 15th 2007, 12:00am by Jimmy Cheung, Klaudia Lee

    ... shop' for job seekers and better co-ordination on existing services. The Commission on Poverty also suggested relaxing the asset limit for elderly people applying for welfare and setting up ... Tang Ying-yen said the commission, which he chaired, had laid a good foundation for the next government to follow up. 'This report does not mark the end of the commission's work. ...

  8. Planning agency seeks more curbs on spending

    Posted Aug 03rd 2006, 12:00am by Cary Huang

    ... as economic officials meet at a northern resort to hammer out new measures to cool the mainland economy. In a report published by Xinhua, the National Development and Reform Commission warned that failure to curb overly rapid fixed-asset investment and credit growth could threaten economic and social stability. Meanwhile, more than 100 top central and regional economic officials were ...

  9. Talking points

    Posted Nov 03rd 2011, 12:00am

    ... military, rebels talk peace in Malaysia The Philippine military and the country's largest Muslim rebel group head to already shaky peace talks in Malaysia, amid a stand-off over a fugitive guerilla commander accused of beheading marines and the rebels' refusal to surrender him. Military spokesman Colonel Arnulfo Marcelo Burgos said operations aimed at capturing Dan Asnawi ...

  10. Lifestyle - Books - ECONOMICS

    Book review: Austerity: The History of a Dangerous Idea, by Mark Blyth

    Posted Apr 21st 2013, 12:00am by David Wilson

    ... came when it aggravated the Great Depression of the 1930s, and paved the way for power grabs by the forces responsible for the second world war: the Nazis and the Japanese military ...




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